Global Specialty Malt Market Size, Trends, and Growth Opportunity, By Source (Wheat, Rye, and Barley), By Form (Dry & Liquid), By Application (Dairy & Frozen Products, Bakery & Confectionary, Alcoholic Beverages, Non-Alcoholic Beverages, and Others), and By Product (Caramelized Malt, Roasted Malt, and Others) By Regional and Forecast to 2030
Global Specialty Malt Market
The Global Specialty Malt Market was valued at USD 2,287.4 million in 2022 and is expected to reach USD 3,938 million by 2030, at a CAGR of 6.66 % during the forecast period 2023- 2030.
A dried, germinated cereal grain with a unique texture, flavor, appearance, and impact is known as a specialty malt. It comes in liquid and dry forms and comes in a variety of flavors and colors, including crystal, caramel, chocolate, coffee roasted, and dark malt. It is used to make beer and whisky. These malts are produced from grains like corn, wheat, rye, rice, and barley.
Specialty malts, in contrast to conventional base malts, don't require mashing. They are soaked in hot water to produce the proper flavor, fragrance, and color. Large-scale applications for specialty malt can be found in several important areas of the food and beverage industry. A crucial component in the creation of malt-based beverages or beer is specialty malt.
Market Drivers
Specialty malt has a strong demand in the market of alcoholic beverages and is frequently employed as a flavoring and coloring ingredient which is anticipated to boost the market growth. The rise of the malt-based alcoholic and non-alcoholic product industries is the main driver of the specialty malt
market.
Moreover, demand for organic food products is very high which is estimated to drive market growth. Specialty malts are being used as a key component in baking for the first time. Throughout, there is a strong demand for bread, including rye bread, whole wheat bread, buns, white bread, brown bread, and many more bakery items. These key elements are driving the market forward. As public awareness of the advantages of organic food items has expanded, retail sales of organic food products have soared.
Market Restraints
The usage of specialist malt is anticipated to be constrained by strict government rules for specialty malt and specialty malt derivative goods. Even though eating organic food is good for consumers' general health, one of the main barriers to purchase is the high cost of organic goods. Organic food is typically pricey, due to the high cost of agricultural cultivation and processing. The requirement for legal compliance and laws in a particular nation also adds to the product's high price, which inhibits market expansion.
Furthermore, difficult climatic conditions will limit the growth of grains like rye, barley, and wheat and hinder the specialty malt market growth.
Market Segmentation
The global Specialty Malt Market is segmented into Source, Form, Application, and Product
Based on the Source, the market is divided into Wheat, Rye, and Barley
Based on Form, the market is bifurcated into Dry & Liquid
Based on Application, the market is segmented into Dairy & Frozen Products, Bakery & Confectionary, Alcoholic Beverages, Non-Alcoholic Beverages, and Others
Based on Product, the market is divided into Caramelized Malt, Roasted Malt, and Others
Regional Analysis
The global Specialty Malt Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Europe dominated the global specialty malt market due to the high consumption of malt-based items like beer and malted milk and the extensive use of alcoholic drinks and savory foods.
However, Asia-Pacific is predicted to have the highest CAGR due to an increase in the consumption of malt-based beverages as a result of cross-cultural interaction. As well as growth in the consumption of flavored health drinks such as Horlicks and Milo boosting the market growth in the coming years.
Key Players
Various key players are discussed in the Global Specialty Malt Market Report including: IREKS GmbH, Bar Malt India Pvt. Ltd., GrainCorp Ltd., Viking Malt, Simpsons, Soufflet Group, Axereal Group, Cargill, Inc., and Malteurop Groupe.
Market Taxonomy
By Source
• Wheat
• Rye
• Barley
By Form
• Dry
• Liquid
By Application
• Dairy & Frozen Products
• Bakery & Confectionary
• Alcoholic Beverages
• Non-Alcoholic Beverages
• Others
By Product
• Caramelized Malt
• Roasted Malt
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Specialty Malt Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Specialty Malt Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Specialty Malt Market, By Source
5.1 Y-o-Y Growth Comparison, By Source
5.2 Global Specialty Malt Market Share Analysis, By Source
5.3 Global Specialty Malt Market Size and Forecast, By Source
5.3.1. Wheat
5.3.2. Rye
5.3.3 Barley
6 Global Specialty Malt Market, By Form
6.1 Y-o-Y Growth Comparison, By Form
6.2 Global Specialty Malt Market Share Analysis, By Form
6.3 Global Specialty Malt Market Size and Forecast, By Form
6.3.1 Dry
6.3.2. Liquid
8 Global Specialty Malt Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Specialty Malt Market Share Analysis, By Application
8.3 Global Specialty Malt Market Size and Forecast, By Application
8.3.1. Dairy & Frozen Products
8.3.2. Bakery & Confectionary
8.3.3. Alcoholic Beverages
8.3.4. Non-Alcoholic Beverages
8.3.5. Others
9 Global Specialty Malt Market, By Product
9.1 Y-o-Y Growth Comparison, By Product
9.2 Global Specialty Malt Market Share Analysis, By Product
9.3 Global Specialty Malt Market Size and Forecast, By Product
9.3.1. Caramelized Malt
9.3.2. Roasted Malt
9.3.3. Others
10 Global Specialty Malt Market, By Region
10.1. Global Specialty Malt Market Share Analysis, By Region
10.2 .Global Specialty Malt Market Size and Forecast, By Region
11 Nrth America Specialty Malt Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 North America Specialty Malt Market Share Analysis, By Source
11.3 North America Specialty Malt Market Size and Forecast, By Form
11.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
11.5 North America Specialty Malt Market Size and Forecast, By Product
11.6 North America Specialty Malt Market Size and Forecast, By Country
11.6.1 U.S.
11.6.2.Canada
11.6.3. Mexico
12 Europe Specialty Malt Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Europe Specialty Malt Market Share Analysis, By Source
12.3 Europe Specialty Malt Market Size and Forecast, By Form
12.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
12.5 Europe Specialty Malt Market Size and Forecast, By Product
12.6 Europe Specialty Malt Market Size and Forecast, By Country
12.6.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Specialty Malt Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Asia Pacific Specialty Malt Market Share Analysis, By Source
13.3 Asia Pacific Specialty Malt Market Size and Forecast, By Form
13.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
13.5 Asia Pacific Specialty Malt Market Size and Forecast, By Product
13.6 Asia Pacific Specialty Malt Market Size and Forecast, By Country
13.6.1 China
13.6.2 Japan
13.6.3 India
13.6.4. Rest of Asia Pacific
14 6atin America Specialty Malt Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Latin America Specialty Malt Market Share Analysis, By Source
14.3 Latin America Specialty Malt Market Size and Forecast, By Form
14.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
14.5 Latin America Specialty Malt Market Size and Forecast, By Product
14.6 Latin America Specialty Malt Market Size and Forecast, Country
14.6.1. Brazil
14.6.2. Rest of Latin America
15 Middle East Specialty Malt Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Specialty Malt Market Share Analysis, By Source
15.3 Middle East Specialty Malt Market Size and Forecast, By Form
15.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
15.5 Middle East Specialty Malt Market Size and Forecast, By Product
15.6 Middle East Specialty Malt Market Size and Forecast, By Country
15.6.1. Saudi Arabia
15.6.2. UAE
15.6.3. Egypt
15.6.4. Kuwait
15.6.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 IREKS GmbH
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Bar Malt India Pvt. Ltd.
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. GrainCorp Ltd.
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Viking Malt
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Simpsons
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Soufflet Group
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Axereal Group
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Cargill, Inc.
17..8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Malteurop Groupe
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
